Bloomberg: Trump's firing of Cook could pave the way for a "massive" shake-up of the Federal Reserve
2025-08-26 11:27:47
On August 26th, according to Bloomberg News, Trump decided to remove Federal Reserve Governor Cook for accusing him of falsifying mortgage documents. The move marks a further escalation in his battle for control of the Federal Reserve and could open the door to a wider shake-up of the Federal Reserve Board of Governors. The move could give Trump the opportunity to appoint new people to the Federal Reserve Board of Governors and gain a four-member majority in the institution.
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